Introduction to Economics - TOPICS


Introduction

What is Economics?

Why Study Economics?

How Economists Think.

The Difference Between Macroeconomics and Microeconomics.


The Basics of Economic Analysis

The difference between Absolute Advantage & Comparative Advantage

Prices & Value

Supply & Demand - How market forces allocate resources and determine prices.

Using Supply & Demand - Rent controls, the minimum wage, farm subsidies.


The Markets for Economic Resources

The Labor Market - Are professional athletes paid too much? Are nurses & teaches paid too little? Should the minimum wage be raised?

The Capital Market - Interest rates and rates of return on investments.

Financial Assets, Markets, and Institutions - Wise financial management and how to become a millionaire.


Market Breakdowns - What do we do when we do not like the market outcome?

Negative Externalities - Pollution

Positive Externalities - Technology, Public Goods

The Distribution of Income - Poverty, Social Security and Welfare Reform (more links)

Government Regulation of Markets - Anti-trust policy and promotion of competition.


The Goals of Macroeconomic Policy

Economic Growth

Low Unemployment

Low Inflation


Macroeconomic Policy: Tools we use to achieve our goals

Monetary Policy - The Federal Reserve System and how the Fed conducts policy

Fiscal Policy - Taxation, Government Spending, the Federal Budget, the Deficit and the Debt


A Quick Look at Data for the U.S. Economy

BLS Economy at a Glance

USA Today Economy at a Glance


AmosWorld Glossary of Economic Terms

E-mail Dr. Buck with your questions or comments.

Jump Into Economics

Jacksonville University's Home Page



Copyright © 2000 by John B. Buck, Jacksonville University, Jacksonville Florida 32211

All rights reserved.